Monetary pressure: Despite signs that a "durable recovery...

June 22, 1992

Monetary pressure: Despite signs that a ``durable recovery is under way,`` Deputy Treasury Secretary John Robson said Monday the Bush

administration will continue to urge the Federal Reserve to ratchet interest rates lower. In a speech to a banking group, Robson said that ``while the recent economic statistics make a pretty strong case that we have a durable recovery under way, this is no time to let down, and we won`t.`` Robson said the administration will also continue to ``vigorously attack`` the so-called credit crunch.